Sherwin-Williams (NYSE:SHW) SVP Sells $795,133.56 in Stock

The Sherwin-Williams Company (NYSE:SHW) SVP James Jaye sold 2,301 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total transaction of $795,133.56. Following the completion of the transaction, the senior vice president directly owned 6,936 shares in the company, valued at $2,396,804.16. This trade represents a 24.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sherwin-Williams Trading Down 1.4%

SHW opened at $344.26 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The company has a market cap of $83.17 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. The firm has a 50 day simple moving average of $329.67 and a 200 day simple moving average of $333.03. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.78 billion. During the same quarter in the prior year, the company earned $3.59 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.41%.

Hedge Funds Weigh In On Sherwin-Williams

Institutional investors have recently modified their holdings of the business. Wellington Grp LLC raised its holdings in Sherwin-Williams by 3,934.4% during the 3rd quarter. Wellington Grp LLC now owns 3,752 shares of the specialty chemicals company’s stock worth $1,213,000 after buying an additional 3,659 shares during the period. Diversified Trust Co boosted its holdings in shares of Sherwin-Williams by 61.0% in the third quarter. Diversified Trust Co now owns 3,245 shares of the specialty chemicals company’s stock valued at $1,049,000 after buying an additional 1,230 shares during the period. Vista Capital Partners Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $214,000. Moors & Cabot Inc. boosted its holdings in shares of Sherwin-Williams by 2.4% in the third quarter. Moors & Cabot Inc. now owns 8,590 shares of the specialty chemicals company’s stock valued at $2,777,000 after buying an additional 204 shares during the period. Finally, Allworth Financial LP increased its position in shares of Sherwin-Williams by 2.4% during the third quarter. Allworth Financial LP now owns 5,202 shares of the specialty chemicals company’s stock worth $1,791,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SHW shares. Jefferies Financial Group reiterated a “hold” rating and issued a $353.00 price objective on shares of Sherwin-Williams in a report on Tuesday, October 27th. UBS Group reiterated a “neutral” rating and issued a $370.00 price target (up from $363.00) on shares of Sherwin-Williams in a research report on Wednesday, October 28th. Royal Bank Of Canada cut their price target on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. DA Davidson set a $390.00 price objective on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Finally, Mizuho set a $396.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Thursday, September 24th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.29.

About Sherwin-Williams

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.

Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.

Sherwin-Williams serves customers in North America and markets around the world.